The recent article from Blockworks discusses the diminishing likelihood of altcoin seasons returning in the cryptocurrency market. According to K33’s David Zimmerman, the 2020/2021 cycle might have marked the peak, and without new retail investors, speculative tokens lacking revenue and clear roadmaps could struggle. The rise of memecoins—expected to persist—complicates the situation, as they capture significant trading volume, particularly at their peak in early 2021. The upcoming weeks pose challenges for altcoins, with billions in token unlocks scheduled, increasing supply amid stagnant or declining demand, leading to potential price drops. As the crypto environment matures, there is a growing emphasis on fundamentals over mere narratives. Bitcoin continues to be dominant, and the report suggests a more cautious approach to altcoin investment moving forward. Investors will need to consider metrics such as user growth and product-market fit rather than speculative hype, marking a shift towards a more serious phase in the crypto market.

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